The US has re-imposed sanctions on Iran, targeting entities involved in the sale and transportation of Iranian crude oil to China, while Iran has urged OPEC to unite against these measures.
The Department of Treasury has issued a fresh round of sanctions targeting several individuals and vessels involved in the sale and transportation of Iran ian crude to China . “The oil was shipped on behalf of Iran ’s Armed Forces General Staff AFGS and its sanctioned front company, Sepehr Energy Jahan Nama Pars Sepehr Energy.
At the same time, however, Iranian president Masoud Pezeshkian urged OPEC to create a united front against U.S. sanctions on Tehran. “I believe that if OPEC members are united and work together, the U.S. would not be able to sanction and pressure one of them,” Pezeshkian told OPEC secretary-general Haitham al Ghais.
US Sanctions Oil Exports China OPEC 'Maximum Pressure' Nuclear Program Oil Market Destabilization
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia CEO Eager to Congratulate Trump, Joins Chorus of Tech Leaders Supporting Incoming AdministrationNvidia CEO Jensen Huang expresses his support for Donald Trump and his eagerness to congratulate him on his victory, joining a growing list of tech CEOs aligning with the incoming administration.
Read more »
UK Delays Chagos Island Transfer Until Trump AdministrationThe UK government is postponing the transfer of sovereignty of the Chagos Islands to Mauritius until after the inauguration of US President-elect Donald Trump. The decision follows concerns raised by Trump allies about the implications for the strategically important Diego Garcia military base.
Read more »
Trump Administration Could Reshape Student Loan LandscapeAs Donald Trump prepares to assume the presidency, millions of Americans who have benefited from President Biden's student loan forgiveness and relief programs face uncertainty. Trump's stance on these initiatives suggests potential changes to repayment options, including the elimination of income-based plans and interest subsidies. Programs like public service loan forgiveness may also be at risk. Experts advise borrowers to review their original loan terms and prepare for possible payment increases.
Read more »
TikTok Faces US Ban as Supreme Court Rules in Favor of Trump AdministrationThe Supreme Court has paved the way for a potential TikTok ban in the US, citing national security concerns. President Biden will not enforce the ban, leaving the decision to incoming President Donald Trump. TikTok faces a Sunday deadline to be sold by its Chinese parent company or face a complete shutdown in the US.
Read more »
Trump Administration Plots Sanctions Strategy for Russia Amid Ukraine WarThe incoming Trump administration is preparing a multifaceted sanctions strategy targeting Russia, Iran, and Venezuela, aiming to foster a diplomatic solution to the ongoing Ukraine war.
Read more »
Legal Insurance Seen as 'Absolute Requirement' for Incoming Trump Administration StaffIncoming staff members in the Trump administration are being warned to acquire professional liability insurance to protect themselves from potential legal expenses stemming from congressional investigations and grand juries. This advice comes after numerous former Trump aides faced legal scrutiny and costs during his previous term.
Read more »